Home Blog Page 318

Rescue teams essential in eliminating fatalities

TEPE
-
0
Rescue teams essential in eliminating fatalities

While there is a lot of improvement in terms of innovation and technology to reduce accidents in mines and remarkable progress in safety measures, mine rescue teams remain of paramount importance because accidents cannot be completely avoided.

Rudairo Mapuranga

Speaking at the Mine Rescue Association of Zimbabwe (MRAZ) Westzone Quarterly training exercise held at Metallon Corporation Zimbabwe‘s Bulawayo Mining Company (BMC) on Friday, BMC Mine Manager said Proto teams and fresh air teams remain important in reducing fatalities in mining operations despite improvements in technology and innovation to eliminate disaster.

“In 1972 we unfortunately lost 427 lives of miners but over the years we have seen a lot of advancement protocols, policies, procedures, Technology and innovation in mine safety. Despite remarkable progress in safety measures, mining accidents continue to occur leaving devastating consequences. These incidents serve as a reminder that no matter how advanced our technology or stringent our policies are, the inherent associated with mining cannot be totally eliminated. We can significantly minimise it but we can’t totally eliminate it therefore the importance of Proto teams cannot be overlooked. The team are on the forefront of protecting the lives of miners in times of disaster,” he said.

Speaking to Mining Zimbabwe on the sidelines of the event BMC Underground Manager and Westzone Coordinator Engineer Nobert Ndiweni said rescue teams were of importance in reducing fatalities and his organization was encouraging all Mines to set up rescue teams.

He also said that as part of showing the importance of rescue teams in managing lives, the teams are now inclusive and incorporating female brigades.

“As a strategy, our thrust is to encourage all Mines to have a rescue team. Part of our strategy is We want to be inclusive as BMC HowMine, last year we had one female who was our captain but now two more have been incorporated. As a Zone, if you look at Hwange, four females have been incorporated,” Ndiweni said.

Premier African Minerals urges talks to settle Canmax dispute

TEPE
-
0
Premier African Minerals urges talks to settle Canmax dispute

Premier African Minerals Ltd (AIM: PREM) shares rallied as it reiterated the latest move from partner Canmax in an escalating dispute will have no impact.

Canmax has now served official notice to end an offtake and prepayment agreement for spodumene concentrate produced at the Zulu lithium and tantalum project, Premier said.

This follows a notice of Force Majeure being served on Canmax by Premier at the weekend.

The UK firm said the immediate effect of the Force Majeure is the suspension of Premier’s obligations under the agreement and Canmax’s right to terminate.

Premier added it has been advised that Canmax’s notice of termination, which requires the repayment by Premier of the prepayment amount of approximately US$34.6mln plus interest within 90 days of today’s date, cannot be served at this time.

George Roach, Premier’s chief executive, said: “The company has been advised that this notice of termination has no force or effect.

“Premier has repeatedly extended an invitation to Canmax to attempt to resolve this situation as set out in the agreement, and does so again, now, and publicly”.

Canmax has a 13.1% stake in Premier African Minerals.

Shares in Premier African Minerals rose by 12% to 0.33p.

PAI

10 reasons why Mineral Exploration is essential to Zim economic growth

TEPE
-
0
10 reasons why Mineral Exploration is essential to Zim economic growth

Zimbabwe is a country full of potential when it comes to Mining and Mineral Exploration investment. With a wealth of natural resources ranging from gold, Lithium, diamonds, platinum, chrome and coal among other minerals, there are several reasons why the country needs to invest more in exploration. Here are ten reasons why exploration is essential to Zimbabwe’s economic growth, development and the attainment of the us$12 billion Mining Industry.

  1. Increased Revenue Generation

Exploring new mines and minerals is a sure way of generating revenue for the country. In Zimbabwe, the mining industry accounts for over 60% of the country’s exports. By investing in exploration, Zimbabwe can discover new mineral deposits which can be mined and sold to foreign markets, increasing the country’s revenue generation.

  1. Job Creation

Exploration creates job opportunities for locals. Exploration ventures require personnel in various capacities such as geologists, environmentalists, mining engineers, and support staff. This helps to reduce unemployment rates and boost the country’s economy by providing employment opportunities. Generally, Mine work has higher remuneration and offers better opportunities for advancement compared to other industries.

  1. Encourage Foreign Investment

Investment in exploration projects often attracts foreign investors who are looking to invest in promising projects. This can help to bring in foreign exchange and lead to long-term partnerships between Zimbabwe and foreign investors. Such partnerships can help to transfer skills and knowledge in mining and exploration, thereby improving the country’s capacity in its mining industry.

  1. Diversify the Economy

Mining provides a substantial contribution to Zimbabwe’s economy, but too much reliance on one sector makes the economy vulnerable to fluctuations in commodity prices. By investing in exploration, Zimbabwe can diversify the economy by discovering new minerals to exploit, reducing dependence on a single commodity.

  1. Improved Infrastructure

Investment in exploration can lead to the development of new infrastructure such as roads, railways, and ports, which are essential for the transportation of minerals. This can help to improve Zimbabwe’s transport infrastructure, making it easier to move minerals to the markets. The government however needs to ensure new mines create and maintain roads to their Mines.

  1. Technology transfer

Exploration ventures require the use of modern technologies such as Geological Information Systems (GIS), advanced drilling technologies, and remote sensing mapping. Investing in exploration can help to transfer these modern technologies to Zimbabwe, which can help improve efficiency and productivity in the mining industry.

  1. Social Benefits

Mining investments have direct social benefits for the communities around the mining sites. Developing infrastructure can lead to improved access to clean water, education, healthcare, and other essential services.

  1. Environmental Protection

Exploration projects require environmental impact assessments to be carried out, which can lead to the environmental conservation and protection of the areas being explored. Exploration investments can help to develop sustainable mining practices and protect the environment from pollution.

  1. Knowledge Advancement

Mineral exploration often requires research, and developing the country’s capacity for research can help improve the knowledge base for the country’s mining industry. This can lead to better decision-making processes, improved results, and reduced exploration costs.

  1. National Pride

Mineral exploration can lead to the discovery of rare minerals, which can be a considerable source of national pride and prestige. This can raise Zimbabwe’s international status, attracting investments and partnerships with other countries.

In conclusion, Zimbabwe is a country with a lot of potential in mining and mineral exploration. Investing in exploration can help to create jobs, generate revenue, diversify the economy, improve infrastructure, protect the environment, and bring social benefits. With the right investments, Zimbabwe can fully realize its potential in the mining industry.

Bikita Minerals fatal shooting prompts CNRG to call for accountability

TEPE
-
0
Bikita Minerals fatal shooting prompts CNRG to call for accountability

Mining research and advocacy pressure group, Centre for Natural Resource Governance (CNRG) executive director Farai Maguwu has petitioned Mines and Mining Development Minister Winston Chitando to order a probe into the alleged fatal shooting of a mine worker at Bikita Minerals in Masvingo) early this year Newsday has reported.

In a letter dated June 27, Maguwu called for an inquiry and apprehension of a security guard who fatally shot Darlington Vito at the mine’s dumpsite.

“We are writing to call on the Ministry of Mines to investigate the murder of one Darlington Vito by a security guard employed by Sinomine. The incident in question occurred on the 26th of March 2023 at a rubble site on the outskirts of Bikita Minerals where the security guard is employed to provide security services,” wroteMaguwu.

He added: “This is a serious matter that requires immediate attention and investigation from your ministry. It is important that the investigation is conducted in a fair and transparent manner to ensure justice is served for the victim and their family.

“Section 48 of the constitution of Zimbabwe guarantees the right to life. This right supersedes the right to protect property. We urge the Ministry of Mines to take appropriate action in this matter and ensure that the security guard and Sinomine are held accountable for the murder of Darlington Vito.”

National police spokesperson Assistant Commissioner Paul Nyathi referred questions to Masvingo provincial spokesperson Inspector Kudakwashe Dhewa who initially professed ignorance of the matter but later said he would investigate and give an update. He had not done so by end of business on Thursday.

Newsday

Premier receives Notice of Termination from Canmax

TEPE
-
0
Premier receives Notice of Termination from Canmax

Premier African Minerals reports that it has received a notice of termination from Canmax, following Premier’s service of a Notice of Force Majeure on Canmax on June 25, 2023. The Notice of Force Majeure suspended Premier’s obligations under the agreement and Canmax’s right to terminate.

While Canmax may dispute the grounds for the declaration of Force Majeure, they have yet to formally communicate their position. As a result, Premier has been advised that the Notice of Termination, which requires the repayment of approximately US$34.6m (plus interest) within 90 days, cannot be served at this time.

This development adds another layer of complexity to the ongoing situation between Premier and Canmax. The Notice of Termination is currently on hold, pending further communication and resolution of the Force Majeure dispute.

As shareholders absorb this news, they should be prepared for potential delays or disruptions in the spodumene concentrate production and sales from the Zulu project. The resolution of the Force Majeure dispute will be crucial in determining the future of the agreement and the financial implications for Premier.

Investors will be closely monitoring any further updates from both Premier and Canmax regarding the termination notice and the disputed Force Majeure. The timely resolution of this issue will be instrumental in maintaining investor confidence and ensuring the stability of Premier’s operations and financial position.

George Roach, CEO commented, “The Company has been advised that this notice of termination has no force or effect. Premier has repeatedly extended an invitation to Canmax to attempt to resolve this situation as set out in the Agreement, and does so again, now, and publicly”.

As Canmax is interested in 13.14 per cent. of the Company’s issued share capital and therefore a related party under the AIM Rules, any amendments to the Agreement will be dealt with by AIM Rule 13.

Miners tell Mnangagwa to scrap EPOs

TEPE
-
0
Miners tell Mnangagwa to scrap EPOs
  • Small-Scale Miners Urge Government to Scrap Mining Law Hindering Prospect for Gold
  • Miners blame elites for monopolising EPOs, holding large areas of land up to 35,000 hectares
  • President Mnangagwa pledges to address concerns and promote peaceful mining operations

Gweru, Zimbabwe – Small to Medium-scale miners have called on the Government to repeal a mining law granting exclusive rights to individuals possessing extensive tracts of land under an exclusive prospecting order (EPO). The law has resulted in a scarcity of available claims for prospective miners, hindering the growth of the mining sector.

In a meeting with small to medium-scale miners from across the country, under the banner of Miners for ED, the national coordinator, Mr. Rodrick Mumbire, highlighted that a few elites monopolised EPOs, holding large areas of land up to 35,000 hectares. As a result, most prospective miners are left with limited options for finding new gold deposits.

“Your Excellency, we now have a problem in the mining sector which is affecting your vision of achieving a US$12 billion mining economy.

Addressing the miner’s concerns, President Mnangagwa assured that the Government will look into these issues and rectify the anomalies within the mining sector. He emphasized the importance of engaging stakeholders on the ground, stating that decisions should be informed by the miners themselves as they have firsthand experience and knowledge of the industry.

President Mnangagwa acknowledged the significant contribution of small to medium-scale miners, who account for 60 per cent of the total gold output in Zimbabwe. He reiterated his commitment to achieving a $12 billion mining economy, which relies heavily on the growth and success of these miners.

“We have heard of your concerns and I will ask the Ministry of Mines and Mining Development to look into the matter. I think they are already aware of what you have just said. You are the ones on the ground so you are the most affected so we take decisions informed by you as miners,” said President Mnangagwa.

Promoting peaceful and harmonious mining operations, the President expressed satisfaction with the declining incidents of violence perpetrated by machete gangs among artisanal miners. Under his administration, known as the Second Republic, a zero-tolerance policy has been adopted towards violence in the mining sector. Miners were urged to respect the rights of one another and avoid illegal mining practices.

“Under the Second Republic, we have said no to violence in the mining sector. We must mine in harmony. If there is a gold rush at (Minister Oppah) Muchinguri’s mine claim we don’t want issues where you go there wrestle her out of her mine and start mining yourself; this should not be tolerated and we want respect. We must mine in peace and harmony,” President Mnangagwa said.

The Government also emphasized its support for women in mining, recognizing their vital role in the industry’s development. Efforts will be made to provide equal opportunities and ensure that women have access to necessary resources and support networks.

As the mining sector plays a pivotal role in the country’s economic growth, the Government’s commitment to addressing the concerns of small to medium-scale miners and promoting peaceful coexistence within the industry demonstrates its dedication to achieving a robust and sustainable mining economy.

BlackRock acquires over 3% stake in Caledonia, triggers notification threshold

TEPE
-
0
BlackRock acquires over 3% stake in Caledonia, triggers notification threshold

Caledonia Mining Corporation Plc, has announced that as of June 23, 2023, BlackRock now holds an ownership stake that exceeds 3% of Caledonia’s issued share capital.

This news has caught the attention of industry experts and investors alike, as BlackRock, Inc. is a prominent global investment management corporation. Its interest in Caledonia Mining Corporation Plc signifies a vote of confidence in the mining company’s potential and performance.

Caledonia Mining Corporation Plc operates Blanket Mine in Gwanda and recently took over Bilboes Gold Limited for a total consideration of 5,123,044 Caledonia shares representing approximately 28.5 per cent of Caledonia’s fully diluted equity, and a 1 per cent net smelter royalty the Project’s revenues in January of this year.

The Mark Learmonth-led company has built a strong reputation in the industry, consistently delivering positive results and demonstrating resilience in challenging market conditions. With its expertise and commitment to responsible mining practices, Caledonia has become a trusted name in the sector.

BlackRock’s decision to exceed the 3% threshold is indicative of its belief in Caledonia’s growth prospects and long-term value. The investment giant manages a significant portfolio of assets and has a proven track record of identifying promising investment opportunities. As such, its increased interest in Caledonia Mining Corporation Plc is seen as a positive development for the company.

WEMZ to host Women in Mining awards

TEPE
-
0
WEMZ to host Women in Mining awards

In celebration of the international day of Women in Mining which take place every 15th of June, Women Empowerment in Mining Zimbabwe (WEMZ) in conjunction with the Zimbabwe Association of Women in Mining Associations (ZAWIMA) will host Women in Mining awards on the 28th of July in Harare.

Rudairo Mapuranga

Speaking to Mining Zimbabwe WEMZ Chairperson Ms Chiedza Chipangura said her organisation is planning to celebrate the achievements of women in mining every year as women have been making positive strides for the growth and development of the mining industry.

She said nominations were recognising women in the whole mining value chain, from consultancy, prospecting, exploration, extraction, processing, service supplies, Human and equipment management to mention a few.

“Let’s celebrate the women who have in the past and presently made an impact in our mining industry. Choose the woman of influence, nominate her and share her profile with us so that we all acknowledge and celebrate her in commemorating the International Day for Women in Mining.

“It’s time to celebrate those of us who have made footprints in the mining industry of this country.

“Some have died (may their souls rest in peace), we need to honour them posthumously.

“Those who are still living must be appreciated and celebrated.

“Just nominate that woman who has contributed meaningfully in the Zimbabwe mining value chain. If it is you, what are you waiting for?

“Just send us information on the journey walked and the difference made to +263776048389,” Chipangura said.

Company reported for dismissing workers who protested over poor wages

TEPE
-
0
Company reported for dismissing workers who protested over poor wages

A MATOBO gold mining company has been taken to the National Employment Council (Nec) for the mining industry for dismissing seven workers who had protested over poor wages.

Nkomazana Syndicate trading as Power Play Mine is also accused of underpaying its workers, non-payment of gratuity, leave days and overtime amounting to US$39 000.

The mine dismissed Army Muzamba, Givemore Ngwenya, Qhelani Ngwenya, Qaphelisani Maphosa, Pinos Muchimba, Stephen Mugande and Takawira Dube for demanding fair labour practices.

The workers have engaged the Professional and General Mine Workers Union of Zimbabwe (PGMWUZ) as they seek reinstatement.

“The seven were employed on different dates and unfairly dismissed on April 7, 2023. They were underpaid from date of employment (US$110), had non-payment of gratuity for the period worked, non-payment of leave days, and non-payment of overtime,” read a letter dated April 13, signed by PGMWUZ president, Abraham Kavalanjila and addressed to the Nec.

“The remedy in this matter is to reinstate or pay damages, allowances and underpayments within seven days from finalisation of this matter.”

In their application to Nec’s mining tribunal seeking a default judgment, the workers cited Power Play Mine as the respondent.

“Applicants were employed by the respondent in January 2023 as general workers. Their contracts of employment were unfairly terminated on April 7, 2023, reason being that they joined the trade union. It is hereby submitted that the respondent underpaid the applicants their salaries backdated January 2023 to April 2023 (US$205 less),” they submitted.

 “It hereby submitted that applicants worked 12 hours everyday including Sundays and holidays. It is humbly submitted that the respondent dismissed the applicants without following laid down procedures in the Code of Conduct Statutory Instrument 165 of 1992 as read in the Labour Act [Chapter 28:01] section 12B (1),” they said.

“It is humbly submitted that section 13 of the Labour Act was violated by the respondent. It is also submitted that the respondent pays six months damages for unfair termination of contracts. All in all we pray that the respondent pays the applicants as per the quantification attached and should pay within seven days from the determination date.”

Mine manager Ramone Cecil Davids could not be reached for comment on his mobile phone.

Newsday

Zimbabwe gold buying prices 27 June 2023

TEPE
-
0
Zimbabwe gold buying prices 27 June 2023

Fidelity Gold Refinery (FGR) official gold buying prices Tuesday 27 June 2023. See the Zimbabwe gold buying prices today.

SG 90% AND ABOVE US$58.42/g
SG ABOVE 85% BUT BELOW 90% US$57.80/g
SG ABOVE 80% BUT BELOW 85% US$57.18/g
SG ABOVE 75% BUT BELOW 80% US$56.56/g
SAMPLE BELOW 10g BUT ABOVE 5g US$55.64/g
FIRE ASSAY CASH US$58.73/g

NB: Fire Assay cash price is for gold above 100gs and no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (small-scale miners)
A 5% royalty is charged to Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily in relation to world market prices.

1...317318319...734Page 318 of 734